BWUCCUL carefully managing loan portfolio

Although seeking to move forward with caution, the Credit Union will still continue to pursue consumer and vehicle loans, debt consolidation and unsecured lines of credit, as these continue to be the major components of their short- to medium-term lending.

The report stated that in the earlier part of the financial year, the BWUCCUL limited its loans for mortgages to one per month in order to control the risk of using short-term deposits to lend long term.

In addition, the Board sought other alternatives to ensure that funds were available for long-term lending, it added.

In seeking to accomplish this, they successfully negotiated a loan from the Housing Credit Fund via the Central Bank to lend to lower income members, so as to aid them in realising their dream of owing a piece of the rock.



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Insight: Is it a bird? Is it a plane? No it's . Supernat

He will want quality advice on something, and he will want proper information before making a decision." Impartial civil servants also declare that they are better directed and better managed than before. Many SNP figures, Salmond included, trace their strength in government to the moment the Lib Dems refused to go into coalition with them last year. "It was the best thing that could have happened to us," Salmond has said. As a result, he and his team have been able to run an organisation on their own terms, with a direction and a focus that, they believe, is being noticed by the public at large.And as for the wider political picture, Salmond and his allies only see it getting rosier. The Conservatives are now nailed on to win the General Election in 2010 – handing the SNP the perfect chance to demonstrate to Scots that they are being ruled by a party not of their choosing.



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Elizabeth Warren On The Rising Cost Of Credit Debt

That advice may have worked in your parents' day, but today you have to be smart with your money. Not just a little smart, but super smart. You have to learn the new rules — the rules nobody told you and nobody talks about. And you have to learn them fast.

Just for a moment, forget what you know about money. Forget about your bills. Forget the size of your paycheck. Forget your shopping trips and the shoes you just bought. We want to give you a new perspective on your money, a different way to think about it. We want you to explore new possibilities.

What if we told you that this book could show you how to cover your bills, without worry or fear? No more bounced checks. No more anxiety about how you'll make it through the month. Just the power to pay your bills on time, and then to relax in security and comfort.


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Saving for a rainy day

Don't start with any other savings or work towards other financial goals even paying off debt before you've got at least a small cushion against life's inevitable knocks.

Why would you put money into an emergency fund if you've got lots of expensive debt? Because if it hits the fan and you can't cope you'll find yourself even deeper in debt.

If you owe a lot of money, save until you have a small emergency fund and then start tackling your debt. Once you're debt free, but before you start other investments, continue to ramp up your emergency fund and you'll have a far better chance of avoiding debt forever.

An essential part of any debt reduction plan

People with emergency funds invariably emerge from crises in better financial shape than those without and are far less likely to accumulate debt.



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Here's Why Jefferson County, Alabama, Has to Go Bust

Then the fun really began, as the county binged on financial instruments called interest-rate swaps, and also converted almost all of its fixed-rate debt to variable-rate. The collapse of the bond-insurance industry earlier this year and the speculative nature of swaps and derivatives now have the cost of that sewer debt exploding.

Somehow, the county's citizens have to stop the clock. Then they have to ask why all this happened. Then they have to tell everyone else the cautionary tale so that other public-finance officers don't get into the same mess.

The odd thing about municipal bankruptcy is that it's voluntary. If they had the opportunity, I imagine that the county's creditors, themselves hard-pressed, would have compelled it to enter financial rehab long before now.



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DBP to offer P7.65B in debt notes

MANILA, Philippines State-owned Development Bank of the Philippines (DBP) plans to offer as much as P7.65 billion worth of debt notes that may qualify as tier 2, or supplementary, capital sometime in August.

The bank recently obtained a mandate from the central bank to revive the issuance, which was part of a P10-billion fund-raising effort planned by the DBP about two years ago.

DBP did not complete the issuance within the period approved by the central bank, ranking sources in the central bank said.

DBP plans to offer lower tier 2, or subordinated, notes that will mature in 10 years and subject to optional redemption by the issuer after five years.

Proceeds of such debt issues are eligible for computing banks compliance with capital adequacy ratio requirements.



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Putting wife in debt is a form of abuse

Counseling doesn't work. Every time we've seen someone, he calls the person a quack and ends the session. What on earth do I do? Sadly Broke in Simi, Calif.

Dear Simi: Controlling the money so the spouse does not have access and then refusing to pay for a spouse's necessities or insurance is indeed a form of abuse. Before taking any action, please call the National Domestic Violence Hotline (ndvh.org) at 1-800-799-SAFE (1-800-799-7233) and ask for help. Then call an attorney.

Dear Annie: My niece is getting married, and I don't want my husband to attend because he has no sense of respect. We also have a special-needs son, and when we take him, I always end up missing the event. At the last wedding I sat outside with my son waiting for my husband to relieve me so I could get a bite to eat; he never came.



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Debt consolidation and reduction

Qwest, union talk past contract's end - CNN Money
DENVER (AP) -- Qwest Communications International Inc. and members of its largest union kept negotiating Sunday as a labor contract expired. Workers represented by the Communications Workers of America had voted to authorize a strike if needed, but CWA organizing coordinator Al Kogler said no strike

Hundreds flee Grand Canyon after dam breaks - Houston Chronicle
PHOENIX — An earthen dam weakened by heavy rains broke near the Grand Canyon early Sunday, flooding a tribal town and forcing officials to pluck hundreds of residents and campers from the gorge by helicopter. No injuries were immediately reported. About 400 members of the Havasupai tribe live in

Meade Instruments Reports Q1 Fiscal 2009 Net Income of $1.8 Million

And, although we believe the turnaround remains on track, we will continue to implement headcount reductions, facility consolidation and reductions in corporate overhead and manufacturing costs to ensure that the turnaround maintains its pace, and to reduce the corporate structure in line with our new revenue model. At the same time, we are focusing on revenue growth through select new product introductions."

Mr. Muellner continued, "Liquidity continues to be strong thanks to the sale of the sports optics brands and related inventory during the first and second quarters of fiscal 2009. With the much-improved liquidity, reduced level of business complexity and plans for further reductions in overhead costs, we believe that we will have sufficient cash flow to support current operations through fiscal 2009, and provide us with additional flexibility in fiscal 2010.



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Solomons Broadcaster Warned of Disconnection Over Power Debt

In a statement, Minister Huni'ehu said the debt crisis reached this point because SIEA's fuel suppliers are paid on a hand to mouth basis. He also said that the board and management of the statutory body have failed to effectively manage SIEA. He said from now on SIEA management will be accountable to the SIEA board, while the board is accountable to the mines and energy minister.

Amongst other management control measures, the minister said the SIEA management must collect outstanding debts owing to the authority and to take action against those who fail to pay up.

In a bid to collect bills, the authority have sent disconnection warning letters to clients, including national broadcaster SIBC. SIBC owes SIEA more than 325,000 dollars [assuming Solomons dollars, approx 46,000 US] in electricity bills since January this year.



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Hines Building first to open in 'city center'

Rents usually spent on offices will go to retire the mortgage debt eventually allowing those financial resources to be put into chamber programs when the mortgage is retired, Larsen said.

Work continues on the Hines Building even as offices are becoming occupied. The chamber still is developing the entryway "welcome center" being funded by Alcoa Howmet Castings through the Alcoa Foundation.

Northwestern Mutual -- a financial services company that provides insurance and investment products -- has been in Muskegon for more than 100 years, according to managing director Michael Youngdahl, who has worked for the company here for 38 years. Northwestern has come full circle with its move back downtown from offices in Norton Shores.

For years, the company had offices in a building that was removed to build the Holiday Inn Muskegon Harbor and then it moved into the Frauenthal Center for the Performing Arts before moving to Norton Shores several years ago.



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Debt management

Is John Edwards Still Lying? - ABC News
A one-time close friend of John Edwards' ex-mistress says the former Senator is still not telling the whole truth about how his affair with Rielle Hunter began. Former senator repeatedly denied affair before finally admitting it. Edwards told ABC News' Bob Woodruff last week ( STORY | VIDEO ) that

Miss. bus crash kills 3, survivors to head home - Seattle Times
More than 30 vacationers on board a casino bus that overturned in Mississippi, killing three people, were expected to fly back to South Carolina on Monday, a spokeswoman for Harrah's Entertainment said. Mississippi Highway Patrol Sgt. Leslie White identified the dead as Charlotte Carros, of

Source: American woman hurt in Beijing knife attack now stable - CNN Sports Illustrated
Bachman's husband, Todd, was killed by the same attacker on Saturday The Chinese assailant committed suicide shortly after the knife attacks BEIJING (AP) -- The condition of the American mother of a former Olympian who was stabbed on the opening day of Olympics competition was improving Monday, a

Scientists closer to developing invisibility cloak - San Francisco Gate
Scientists say they are a step closer to developing materials that could render people and objects invisible. Researchers have demonstrated for the first time they were able to cloak three-dimensional objects using artificially engineered materials that redirect light around the objects. Previously

Harrington shines on gloomy course - Baltimore Sun
BLOOMFIELD TOWNSHIP, Mich. - Padraig Harrington rallied from three shots behind yesterday to win the PGA Championship , closing with a 4-under-par 66 at Oakland Hills to become only the fourth player to win the British Open and PGA in the same year. If the winner was familiar, so was the finish

Verizon Contract Provides New Union Jobs, Health Care For Active, Retired Workers - All Headline News
WASHINGTON (AHN) -- A new tentative three-year contract settlement has been signed between Verizon and the Communications Workers of America (CWA) and International Brotherhood of Electrical Workers (IBEW). According to an IBEW spokesman, the settlement achieves union employees' major goals of

Isaac Hayes of 'Shaft' fame collapses and dies at home - Herald Tribune
MEMPHIS, Tenn. - Isaac Hayes, the baritone-voiced soul crooner who laid the groundwork for disco and whose "Theme From Shaft" won both Academy and Grammy awards, died Sunday afternoon after he collapsed near a treadmill, authorities said. Isaac Hayes and his wife, Adjowa, pose for the first family

Making Peace With Your Plastic

I am someone who at times has racked up credit-card debt. I always intend to pay off my balance in full every month, but there have been months when my debt has accrued. (Having good credit and very low interest rates has made this a less expensive proposition for me than for many others.)

When my debt has built up, I've tended to blame external factors. (Being a single parent isn't easy on the finances!) But in truth, of course, it's always been my fault.

While I'm disciplined about putting money aside for retirement and savings -- thanks to automated-payment technology, it's easy to make sure my money goes where it should before I get my hands on it -- I've never been good at keeping a daily record of what I'm spending. At times, that has led to charging more than I could afford to pay off at the end of the month.



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AHFC awards $625000 to increase home ownership

The AHFC has included a requirement that all sponsors' borrowers also receive weatherization counseling as a condition of their loan approval.

Ultimately, the program will provide financing to low-income individuals or people who wouldn't otherwise qualify for financing because of income limitations, down payment requirements and other considerations.

Recipient eligibility is based on 80 percent of the median income for the area, adjusted family size and property location, as well as lending criteria established by the sponsors' guidelines.

There are currently eight sponsors consisting of five nonprofits and three regional housing authorities.

Combined, they will administer about $16.5 million in loans to 550 borrowers.

Each sponsor is limited to an annual application amount of $625,000.



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KBC receives final approval and closes acquisition of Istrobanka

KBC was already present in Slovakia through its subsidiary SOB Bank, and the consolidation of ISTROBANKA and SOB Bank will create the fourth largest banking operation in Slovakia, with a market share of approximately 10%. In the coming months, both ISTROBANKA and SOB Bank will fully concentrate on preparations for the introduction of the euro and on the merger of both banks (second half of 2009). Commenting on the deal, André Bergen, KBC Group CEO, had this to say: 'Together, SOB and ISTROBANKA will form the fourth largest banking operation in the country. KBC has now strengthened its position in the attractive and increasingly consolidating Slovakian market, one which offers enormous potential for the further penetration of banking and insurance products. The future merger of both banks will offer considerable cross-selling potential in both retail and corporate banking and lead to economies of scale, thus creating significant value and benefits for shareholders, employees and customers." Daniel Kollar, CEO of SOB Bank and Country Manager of SOB Group in Slovakia added:'ISTROBANKA is a quality bank, with a professional management team, highly experienced and dedicated staff, and a clear commercial strategy and business plan that focuses on organic growth.



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Secured loans still a viable debt solution

For anyone in debt, the important thing is to seek impartial debt advice from a company that offers a wide range of debt solutions - a company that has an in-depth understanding of each solution's benefits and drawbacks and can recommend the one that constitutes their optimal route out of debt."# # #Read more Press Releases from Melanie Taylor:
Debt Management Helps Borrowers Cope With Tough TimesDebt Consolidation Expert Comments on Financial SurveyDebt management company anticipates impact of fewer house salesDebt consolidation & declining consumer confidenceDebt management frees up money for fuel and foodDebt Advisers caution homeowners after CML forecastManaging debt - with the 'nice decade' behind usThe IVA - lifeline in a rising tide of repossessions?Debt management - the only option?Latest interest rate rise could push borrowers over the edgeOther Similar Press Release Topics:
Guaranteed Tax Relief Get Out of Tax Debt Now Guaranteed!CONQUER RECESSION DEPRESSIONAward Pay Gifting Program Experiences Rapid GrowthRed Devils on the LooseElite Ayrshire Business Circle gets the brutal truth about the economyBoost Your Business During The Sluggish Economy with Help From DCandP.comNegative Outlook for China's Economy, Chinese Government BondsHigh Yield Income Fund benefiting from credit crunch and high rate of foreclosures nation-wideLeading Dallas Based Real Estate Investing Company Teams With United First Financial To Help Homeowners Eliminate 1/2 to 2/3 Of Their Remaining Mortgage PaymentsSenate Bill Targets China's Artificial Credit Rating Press Release Contact Information: Melanie Taylor
Think Money LtdHead of Corporate Relations
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E-Mail: Email us Here
Website: Visit Our Website Disclaimer: If you have any questions regarding information in this press release, please contact the person listed in the contact module of this page.



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Consumer debt mounts, loans default – but lenders prosper

The collection agencies call at least 20 times a day. For a little quiet, Diane McLeod stashes her phone in the dishwasher. But right up until she hit the wall financially, McLeod was a dream customer for lenders. She juggled two mortgages, both with interest rates that rose over time, a car loan and high-cost credit card debt. She worked two jobs so she could afford her small, two-bedroom ranch house in suburban Philadelphia, the Kia she drove to work, and the handbags and knickknacks she liked.

Then last year, back-to-back medical emergencies helped push her over the edge. She could no longer afford either her home payments or her credit card bills. Then she lost her job. Now her home is in foreclosure and her credit profile in ruins.

McLeod, who is 47, readily admits her money problems are largely of her own making.



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